BEARGER

This from Scottish coefficient. Following the issue of 18 million new shares by Rangers on 23rd January 2025, Rangers have issued paperwork confirming the issuing of a further tranche of shares in February. The 18 million shares in January were issued at 0.20p per share, meaning the total cost of the shares was £3.6million. Rangers have authorisation after their last AGM to issue a further 27 million new shares before the next AGM. That's pretty much exactly what has now happened. The latest share issue on 26th February was for 26,724,800 shares, which were also issued at 0.20p per share. This means the cost of these shares was £5.34m. This could be the issuing of new shares to a new investor, or perhaps more likely - the conversion of existing debt, by existing shareholders. If the impending takeover by the investment arm of the San Francisco 49ers goes ahead, there will be a price to pay per share that needs to be agreed. If that price is more than 20p per share, then it makes sense for existing shareholders to convert their debt to shares at the rate of 20p per share. If this was the case, then those current investors would then be selling their shares to the takeover party at a higher rate than they paid. The extra 26 million shares takes the existing share capital in Rangers to 532 million shares. There were 487 million shares at the start of December, which has increased to 532 million shares following the two share issues. A 50% buyout of Rangers, even just at 20p per share, would therefore now cost £53 million. At 40p per share, the cost of the takeover jumps to £106millon. That money would all go to the existing shareholders that are selling up. Any further investment in the team or stadium would be completely separate and over and above the buyout figure.

The 49ers head of football operations was in attendance at last nights game. Former Bolton Wanderers and Iceland right-back Gretar Steinsson, who is technical director with Leeds United and 49ers Enterprises, was at Sukru Saracoglu Stadium in Istanbul on Thursday to watch Rangers beat Fenerbahce 3-1 as takeover talks continue over the Ibrox club. (Scottish Sun)

Fernerbahce 0 - 1 Rangers FGS Cerny

I just wonder why our board ignore every piece of bad press these morons bring on the club. You’re correct of course, they will still be up front at every away game.

I think a lot of fans are at the stage they would accept just about anybody to take over. Does anyone know how much they have invested in Leeds are more importantly how much if anything they have taken out?

And the whole sorry mess is compounded by the most inexplicable manager/coaching team chosen by our incompetent board. Multi millionaire’s who have absolutely not read the room, if beggars belief how crazy some of they’re decisions have been.

Only the fan boys think this guy is a decent keeper, one of the worst I’ve seen in 65 years. There's a reason he’s not playing in EPL.

Out of the country so missed game today. Only plus is Ferguson will not be next manager.

Rangers 3 - 0 Motherwell FGS Dessers

Kilmarnock 0 - 1 Rangers FGS Cerny

These appointments are a joke, a short term joke but still a joke. There are experienced managers available out there, did we try to get any?

Gerrard back for rest of season. You heard it here first. Hope not though.

Meeting at Turnberry being mentioned on social media.

According to the Sun! Board meeting/discussion tonight.

A £46, C £36, J £26.

Andrew Cavanagh president of Structure Holdings, mate in LA says he’s the main man in this. Been at Ibrox with John Gilligan. Don’t shoot the messanger.

https://x.com/4ladshadadream/status/1892985224104931488?s=12

Dave King massaging his ego again. https://x.com/chris_jack89/status/1892982619211546719?s=61

Jordan Campbell @JordanC1107 A deal for 49ers Enterprises to acquire a 51% majority stake in Rangers is expected to be completed in the next few months. The structure of the deal is “well baked” with enough shareholders willing to sell to give 49ers the control they seek. https://nytimes.com/athletic/6150980/2025/02/21/rangers-takeover-san-francisco-49ers/

Rangers have already said 13th for us, hence my post above about an early ko.

Possibly an earlier ko time for us as Manu, Spurs & Chelsea are all at home on 13th March?